What Has Been the Progress and Growth of the Digital Publishing Market in Recent Years?
The digital publishing market has seen considerable growth due to a variety of factors.
• The size of the digital publishing market has seen swift expansion over recent times. The market is projected to increase from a value of $52.61 billion in 2024 to $58.73 billion in 2025, escalating at a compound annual growth rate (CAGR) of 11.6%.
Factors such as wider access to the internet, the rise of the e-book, the explosion of mobile device use, advancements in digital rights management (DRM), and a transition towards online content consumption have been instrumental in driving growth during this historic period.
What Is the Forecasted Market Size and Growth Rate for The Digital Publishing Market?
The digital publishing market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the digital publishing market is anticipated to experience swift expansion in the coming years, reaching $88.16 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 10.7%.
This growth during the predicted period can be credited to the adoption of remote work optimization tools, cooperative storytelling platforms, blockchain for verifying content authenticity, sustainable publication methods, and data analytics for deciphering audience insights. Notable trends during the forecast period encompass mobile optimization, tailored content distribution, subscription and membership systems, incorporation of audio and visuals, and the blending of AI and machine learning.
What Are the Critical Driver Fuelling the Digital Publishing Market's Growth?
The surge in digitization of books and educational resources is fueling the expansion of the digital publishing market. The transformation of this information into digital form has led to a change in learning methods, transitioning from conventional paper-based textbooks to digital platforms such as e-readers, smartphones, and tablets. For example, Eurostat, a government institution based in Luxembourg, reported in April 2024 that there was an increase in ebook purchases made by EU residents in 2023, reaching 7.2%, up from the 2022 figure of 6.6%. Consequently, the continued rise in digitization of books and educational content, even in a post-COVID-19 world, is predicted to stimulate the digital publishing market's growth during the period.
What Are The Main Segments Of The Global Digital Publishing Market?
The digital publishing market covered in this report is segmented –
1) By Type: Text Content, Video Content, Audio Content
2) By Application: Smart Phones, Laptops, PCs, Other Applications
3) By End User: Scientific, Technical, And Medical (STM), Legal And Business
Subsegments:
1) By Text Content: E-Books, Online Articles And Blogs, Digital Magazines And Newspapers, Research Papers And Journals
2) By Video Content: Online Courses And Tutorials, Video Blogs (Vlogs), Documentaries And Web Series, Promotional And marketing Videos
3) By Audio Content: Podcasts, Audiobooks, Music Streaming, Radio Shows And Online Broadcasting
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What Emerging Trends Are Influencing The Growth Of The Digital Publishing Market?
The usage of internet-based set-top boxes for superior video and audio content is on the rise among consumers. It's anticipated that by 2025, the worldwide market size for android set-top boxes will hit $695.9 million, as per market analysis data. The Telecom Regulatory Authority of India (TRAI) plans to phase out analog TV transmission totally by 2023, suggesting a switch to digital broadcasting. It is expected that the growing acceptance of Android set-top boxes, which incorporate OTT apps, replacing analog TVs, will further fuel the expansion of the digital publishing market.
Who Are the Key Players in the Digital Publishing Market?
Major companies operating in the digital publishing market include:
• Amazon.com Inc.
• Apple Inc.
• Alphabet Inc.
• Adobe Inc.
• Aquafadas Inc.
• Bloomberg L.P
• Google Play
• RELX Group plc
• Thomson Reuters Corporation
• Wolters Kluwer NV
• Pearson plc
• Hachette Book Group
• John Wiley & Sons Inc.
• Springer Science+Business Media
• Verlagsgruppe Georg von Holtzbrinck GmbH
• Conde Nast International Ltd.
• McGraw-Hill Education
• Dow Jones & Co. Inc.
• Cengage Learning Inc.
• Cambridge University Press & Assessment
• Houghton Mifflin Harcourt
• Oxford University Press
• Société des Editions Francis Lefebvre
• Quark Software Inc.
• Pagesuite Pvt. Ltd.
• Magplus Inc.
• Yudu Ltd.
What Is The Most Dominant Region In The Digital Publishing Market?
North America was the largest region in the digital publishing market in 2024. Africa is expected to be the fastest-growing region in the digital publishing market report during the forecast period. The regions covered in the digital publishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
